CBRE Global Investors, on behalf of an international separate account client, has acquired Premier Place, Devonshire Square, London, from Greycoat and an affiliate of Morgan Stanley Real Estate Investing.
The 229,129-square-foot class A office building, located in the City of London, has recently undergone a comprehensive refurbishment and is fully let to two office tenants with strong covenants.
There are also three retail units on the ground floor. The building spans nine stories above ground and three basement levels. The refurbishment has been done to an extremely high standard and meets occupiers’ requirements in terms of a roof terrace, bike racks and showers. The building is being targeted to achieve BREEAM “Excellent”.
Premier Place benefits from excellent transport links to the underground, national rail and Crossr
